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PROBLEMS Lace Company provided the following informa the current year: Problem 11-1 (AICPA Adapted) mation du Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital Interest received Proceeds from sale oflong term investments Cash paid to suppliers and employees Interest paid on long term debt Income taxes paid Cash balance, January 1 500,000 1,000,000 9,000000 1,500,000 200,000 2,000,000 6,000,000 400,000 300,000 1,800,000 What is the net cash provided by operating activities? 1. a. 3,000,000 b. 3,300,000 c. 2,700,000 d. 2,000,000 2. What is the net cash provided by investing activities? a. 2,500,000 b. 2,000,000 c. 2,200,000 d. 3. What is the net cash provided by financing activities a. 1,500,000 b. 1,000,000 c. 500,000 d. 4. What is the cash balance on December 31? a. 6,300,000 b. 5,500,000 c. 4,800,000 d. 7,300,000 254